Many People Save Money Whil They Switch To Generic Prescriptions
Wednesday, March 31st, 2010If you have been offered the choice between patented drugs and generic drugs by your GP then you may not know which to opt for. The answer is either, as the quality of the product would be the same. The only real difference is the cost. You can save yourself money by choosing the generic option.
All drugs, be they branded or generic, need to be regulated by an official organization. In the US the Federal Drug Administration does this. It's simply not possible for any drugs, or health supplements, to be openly sold without FDA approval. The FDA exists to ensure that all the products we have access to and consume are safe and provide the results that are expected.
If a manufacturer of drugs were to introduce a new medication without the correct approval then the FDA would quickly use its power to stop distribution. Because of this, you can be certain that any generic prescriptions you are given would be above board and have the desired results. The only issue would be to choose a reputable source, for example your GP.
When a new drug is produced it receives a patent. Only after the patent has expired can a generic drugs version be introduced. This in turn leads to a decrease in price of the original product as competition increases. A typical patent would last around twenty years in the US.
Any medication sold today would have undergone extensive checks and double checks at all stages in the manufacturing process to ensure that quality is maintained. This includes aspects such as the size and weight of the medications as well as their chemical properties. For a generic manufacturer of drugs there is far less cost involved. The products can be synthesized and marketed in a much shorter time, as most of the groundwork would have already been done.
The biggest market for generic drugs is the developing world as these countries have a much lower GDP. There is controversy over whether or not poorer nations should be allowed a reprieve from the patents that protect life-giving drugs. In Sub Saharan Africa there is a huge demand for generic AIDS drugs. Fortunately there are countries like India and South Africa that place a lot of resources into researching generic medications for their populations.
It is open to debate whether health care should be an industry that is accessible and free for all or whether or not it is morally correct for a big pharmaceutical company to make hundreds of millions of dollars a year out of our bad misfortune, but the truth of the matter is that the drug patent laws exist. No matter what ailment you suffer with it is well worth finding out whether a generic prescription is available. The money you save can be put to a different use.
There are advances in medical care coming about on a continual basis. There really is no need to be paying hundreds of dollars for medication when the same products can be had for less than half the price. If you are going to buy generic prescriptions through an online pharmacy then check to ensure that they are fully licensed and allowed to sell drugs.